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The table below offers a collection of data aimed at giving potential franchisees a glimpse into their market landscape. Click Read More to delve deeper, uncovering additional information to assist you in making a well-informed decision. These insights are tailored to highlight the opportunities in your city as you consider a franchise purchase.
| Key Data Points: Washington, DC 2024 | ||
| Data | Washington, DC | Nationwide |
|---|---|---|
| Population | 682.43 thousand | 333.2 million |
| Proj. 5 Year Population Growth | -5.9428% | 0.5% |
| Median Household Income | $170,474 | $74,580 |
| Median Age | 33.86 | 38.9 |
| Residents per Business | 1 to 17 | 10 to 1 |
| Annual Household Expenditures | $36.92 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
Washington D.C., the epicenter of political and administrative power in the United States, offers a robust market for aspiring franchisees. Within a 5 mile radius of the city, the median household income of $131,254 and the total annual consumer expenditure of $41.13 billion presents enticing opportunities for a variety of franchises.
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The city's economic vigor is mirrored by its thriving business ecosystem, boasting 48,802 total businesses and an employee population of 731,974. The ratio of residential population to business stands at 16.2 to 1, indicative of a bustling commercial landscape. Moreover, the city's labor force is diversely distributed across various sectors, with a significant portion engaged in management, business, financial operations, and professional related occupations, totaling to 345,463 individuals.
The dense network of businesses alongside a substantial base of management and professional personnel create a conducive environment for business to business franchises. The presence of numerous company headquarters, accounting for 2,214 businesses with 166,083 employees, further amplifies the potential for B2B services. Franchises offering business services in the realms of consulting, financial auditing, corporate training, and IT solutions, among others, may find a ready market in Washington D.C.
The city's substantial consumer spending showcases lucrative avenues for franchises across various sectors. A spending of $5.88 billion in the food and beverages sector, $2.41 billion in entertainment, and $3.22 billion in health care, opens doors for franchises in the food, entertainment, and health care domains respectively. Moreover, the notably high consumer spending on shelter and transportation, amounting to $8.78 billion and $7.18 billion respectively, hint at business opportunities for franchises in the real estate and automotive sectors.
Franchise Opportunities
Explore the franchise listings below and take the first step towards a rewarding business venture.
Washington, District of Columbia Franchise Opportunities (and Businesses for Sale)
| Order | Franchise Name | Industry Name | Available Capital | ||
|---|---|---|---|---|---|
| 1 |  | Proper Ecom | Business Opportunities | $50,000 | |
| 2 |  | Healthy YOU Vending | Vending Franchises | $25,000 | |
| 3 |  | Zoomin Groomin | Pet Franchises | $90,000 | |
| 4 |  | GarageExperts | Home Services & Repair Franchises | $60,000 | |
| 5 |  | Batteries Plus | Retail Franchises | $100,000 | |
| 6 |  | Automated Investments | Business Opportunities | $100,000 | |
| 7 |  | Blue Coast Savings Consultants | Financial Franchises | $70,000 | |
| 8 |  | Minuteman Press International | Printing, Copying, Shipping, Signs Franchises | $50,000 | |
| 9 |  | TruBlue Home Service Ally | Home Services & Repair Franchises | $50,000 | |
| 10 |  | My Business Venture | Computer & Internet Franchises | $10,000 |
Is Washington the Right Place to Launch Your Franchise?
- What's the business landscape like in Washington?
- Is there a reliable workforce for my franchise?
- Are operational costs affordable in Washington?
- How financially stable is the community?
- What makes Washington a great fit for franchise owners?
Question:What's the business landscape like in Washington?
Answer:Washington is home to 310,066 businesses, meaning franchise owners can enter a market with less direct competition and a more localized customer base.
Question:Is there a reliable workforce for my franchise?
Answer:Yes! The city has 597,825 employed individuals, providing a steady and loyal workforce for franchise owners.
Question:Are operational costs affordable in Washington?
Answer:Absolutely. With a median rent of $1,770, franchise owners in Washington can benefit from lower real estate costs, making it easier to secure commercial space.
Question:How financially stable is the community?
Answer:The average household income in Washington is $170,474, supporting a stable and engaged customer base.
Question:What makes Washington a great fit for franchise owners?
Answer:With 350,364 housing units and a strong sense of community, Washington provides a stable market where franchises can establish long-term success.
At Franchise Ventures, we prioritize transparency and objectivity to empower your franchise decisions. Unlike brokers or franchisors, our motivations are unclouded by financial incentives tied to your choices. We don't earn based on the franchise you opt for, instead, our mission is to present you with impartial insights. Navigate through a realm of franchising opportunities with information you can trust.